Global Medical Devices Outsourcing Market (2021 to 2028) - by Product, Device Type, Application, Services and Region
Medical Devices Outsourcing Market
Dublin, April 20, 2022 (GLOBE NEWSWIRE) -- The "Medical Devices Outsourcing Market, by Product, by Device Type, by Application, by Services, and by Region - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028" report has been added to ResearchAndMarkets.com's offering.
Medical device outsourcing is contracting with the third party for the product designing, manufacturing, packaging, validation, and prototyping of medical devices. Medical device outsourcing helps both manufacturer and the supply chain. It permits the original equipment manufacturers to focus on their primary operations, such as marketing and product innovation. It also helps in reducing the overall cost and time to enter the market. Companies can save up 10-15% on production by outsourcing their products. Overall medical device outsourcing provides benefits such as early product launch into the market, reduced manufacturing time, and quality check approvals to match regulatory criteria.
Global medical devices outsourcing market is propelled by the increasing needs for quality healthcare services. Medical device manufacturers are majorly dependent on innovation as the product life cycles are short and increasing buyer awareness levels has forced manufacturers to adhere to business strategies involving persistent R&D investments and innovative product launch. Medical device Original Equipment Manufacturers (OEMs), adhering to outsourcing services as a cost effective curbing tool. Moreover, medical outsourcing services have benefited the OEMs by reducing cost and time as the medical device market has gained high competitiveness in the previous couple of years.
The rising geriatric population and their susceptibility to diseases is the vital factor that is propelling the market growth. For instance, according to the U.S census Bureau, there were more than 54 million citizens 65 years and older.
Market Dynamics
The rising research and development activities for the development of novel technologies, and increasing adoption of inorganic growth strategies such as mergers, acquisitions, partnerships, and collaborations by key players operating in the market are the major factors that are expected to drive growth of the global medical device outsourcing market over the forecast period.
For instance, according to National Center for Biotechnology Information (NCBI), article published in April 2018, over one million cardiac pacemakers are published every year globally. Out of which 200,000 are implanted in the U.S alone.
Key features of the study:
This report provides in-depth analysis of the global medical devices outsourcing market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2021-2028), considering 2020 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global medical devices outsourcing market based on the following parameters - company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
Key companies covered as a part of this study include SGS SA, Intertek Group PLC, Wuxi Apptec, TuvSud AG, Toxikon, INC., American Preclinical Services, Eurofins Scientific, Sterigenics International LLC, Pace Analytical Services LLC., Charles River Laboratories International, Inc., North American Science Associates, Inc., IQVIA, Accellent Inc., Celestica Inc., Benchmark Electronic Inc., Cadence Inc., Providien LLC, Thermo Fischer Scientific Inc., and West Pharmaceuticals Services Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global medical devices outsourcing market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global medical devices outsourcing market
Key Topics Covered:
1. Research Objectives and Assumptions
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Product
Market Snippet, By Device Type
Market Snippet, By Application
Market Snippet, By Services
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
Impact Analysis
Pipeline Analysis
PEST Analysis
Regulatory Scenario
Market Trends
Key Highlights
Reimbursement Scenario
Mergers & Acquisitions
4. Global Medical Devices Outsourcing Market - Impact of Coronavirus (COVID-19) Pandemic
Economic Impact
Government Initiatives
Impact on Supply and Demand
5. Global Medical Device Outsourcing Market, By Product, 2017 - 2028, (US$ Mn)
Introduction
Market Share Analysis, 2021 and 2028 (%)
Y-o-Y Growth Analysis, 2018 - 2028
Segment Trends
Finished Goods
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn)
Electronics
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn)
Raw Material
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn)
6. Global Medical Device Outsourcing Market, By Device Type, 2017 - 2028, (US$ Mn)
Introduction
Market Share Analysis, 2021 and 2028 (%)
Y-o-Y Growth Analysis, 2018 - 2028
Segment Trends
Class I Devices
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn)
Class II Devices
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn)
Class III Devices
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn)
7. Global Medical Device Outsourcing Market, By Application, 2017 - 2028, (US$ Mn)
Introduction
Market Share Analysis, 2021 and 2028 (%)
Y-o-Y Growth Analysis, 2018 - 2028
Segment Trends
Orthopedics and Spine
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn)
Cardiovascular
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn)
Radiology
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn)
General Medical Devices
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn)
8. Global Medical Device Outsourcing Market, By Services, 2017 - 2028, (US$ Mn)
Introduction
Market Share Analysis, 2021 and 2028 (%)
Y-o-Y Growth Analysis, 2018 - 2028
Segment Trends
Prototype Development
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn)
Finished Device Manufacturing
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn)
Assembly & Packaging
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn)
Testing & Regulatory Support Services
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn)
9. Global Medical Device Outsourcing Market, By Region, 2017 - 2028, (US$ Mn)
Introduction
Market Share Analysis, By Region, 2021 and 2028 (%)
Y-o-Y Growth Analysis, For Regions, 2018-2028
North America
Market Size and Forecast, By Product, 2017 - 2028, (US$ Mn)
Market Size and Forecast, By Device Type, 2017 - 2028, (US$ Mn)
Market Size and Forecast, By Application, 2017 - 2028, (US$ Mn)
Market Size and Forecast, By Services, 2017 - 2028, (US$ Mn)
Market Size and Forecast, By Country, 2017 - 2028, (US$ Mn)
U.S.
Canada
Latin America
Market Size and Forecast, By Product, 2017 - 2028, (US$ Mn)
Market Size and Forecast, By Device Type, 2017 - 2028, (US$ Mn)
Market Size and Forecast, By Application, 2017 - 2028, (US$ Mn)
Market Size and Forecast, By Services, 2017 - 2028, (US$ Mn)
Market Size and Forecast, By Country, 2017 - 2028, (US$ Mn)
Brazil
Mexico
Argentina
Rest of Latin America
Europe
Market Size and Forecast, By Product, 2017 - 2028, (US$ Mn)
Market Size and Forecast, By Device Type, 2017 - 2028, (US$ Mn)
Market Size and Forecast, By Application, 2017 - 2028, (US$ Mn)
Market Size and Forecast, By Services, 2017 - 2028, (US$ Mn)
Market Size and Forecast, By Country, 2017 - 2028, (US$ Mn)
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
Market Size and Forecast, By Product, 2017 - 2028, (US$ Mn)
Market Size and Forecast, By Device Type, 2017 - 2028, (US$ Mn)
Market Size and Forecast, By Application, 2017 - 2028, (US$ Mn)
Market Size and Forecast, By Services, 2017 - 2028, (US$ Mn)
Market Size and Forecast, By Country, 2017 - 2028, (US$ Mn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
Market Size and Forecast, By Product, 2017 - 2028, (US$ Mn)
Market Size and Forecast, By Device Type, 2017 - 2028, (US$ Mn)
Market Size and Forecast, By Application, 2017 - 2028, (US$ Mn)
Market Size and Forecast, By Services, 2017 - 2028, (US$ Mn)
Market Size and Forecast, By Country, 2017 - 2028, (US$ Mn)
GCC
Israel
Rest of Middle East
Africa
Market Size and Forecast, By Product, 2017 - 2028, (US$ Mn)
Market Size and Forecast, By Device Type, 2017 - 2028, (US$ Mn)
Market Size and Forecast, By Application, 2017 - 2028, (US$ Mn)
Market Size and Forecast, By Services, 2017 - 2028, (US$ Mn)
Market Size and Forecast, By Region/Country, 2017 - 2028, (US$ Mn)
South Africa
Central Africa
North Africa
10. Competitive Landscape
Heat Map Analysis
Market Share Analysis
SGS SA
Company Overview
Product Portfolio
Financial Overview
Key Highlights
Market Strategies
Intertek Group PLC
Company Overview
Product Portfolio
Financial Overview
Key Highlights
Market Strategies
Wuxi Apptec
Company Overview
Product Portfolio
Financial Overview
Key Highlights
Market Strategies
TuvSud AG
Company Overview
Product Portfolio
Financial Overview
Key Highlights
Market Strategies
Toxikon, INC
Company Overview
Product Portfolio
Financial Overview
Key Highlights
Market Strategies
American Preclinical Services
Company Overview
Product Portfolio
Financial Overview
Key Highlights
Market Strategies
Eurofins Scientific
Company Overview
Product Portfolio
Financial Overview
Key Highlights
Market Strategies
Sterigenics International LLC
Company Overview
Product Portfolio
Financial Overview
Key Highlights
Market Strategies
Pace Analytical Services LLC
Company Overview
Product Portfolio
Financial Overview
Key Highlights
Market Strategies
Charles River Laboratories International, Inc.
Company Overview
Product Portfolio
Financial Overview
Key Highlights
Market Strategies
North American Science Associates, Inc.
Company Overview
Product Portfolio
Financial Overview
Key Highlights
Market Strategies
IQVIA
Company Overview
Product Portfolio
Financial Overview
Key Highlights
Market Strategies
Accellent Inc.
Company Overview
Product Portfolio
Financial Overview
Key Highlights
Market Strategies
Celestica Inc.
Company Overview
Product Portfolio
Financial Overview
Key Highlights
Market Strategies
Benchmark Electronic Inc.
Company Overview
Product Portfolio
Financial Overview
Key Highlights
Market Strategies
Cadence Inc.
Company Overview
Product Portfolio
Financial Overview
Key Highlights
Market Strategies
Providien LLC
Company Overview
Product Portfolio
Financial Overview
Key Highlights
Market Strategies
Thermo Fischer Scientific Inc.
Company Overview
Product Portfolio
Financial Overview
Key Highlights
Market Strategies
West Pharmaceuticals Services Inc.
Company Overview
Product Portfolio
Financial Overview
Key Highlights
Market Strategies
Analyst Views
11. Section
For more information about this report visit https://www.researchandmarkets.com/r/vzkqr3
Attachment
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